DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Msi Financial Services, Inc.

Former SEC-registered adviserSpringfield, MassachusettsCRD 14251SEC 801-22306IAPD
Latest filing Jan 3, 2017
First filing on the tape Mar 26, 2012 · 49 filings
RAUM
$14B
reported, Item 5.F
Discretionary
27%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
8,508
4,082 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
0
reported on Schedule D
History
49 filings and snapshots on the tape
RAUM$14B as of Dec 1, 2015
Mar 26, 2012$4.5B then
HNW client RAUM: no history
State-registered IARs (5.B.3)3,762 as of Dec 1, 2015
Mar 26, 20120 then
Employees (5.A)8,508 as of Dec 1, 2015
Mar 22, 20137,431 then
Private funds: no history
RAUM +65% over the last fiscal year+34% a year over threeIARs 3,047 to 3,762
Practice profile
derived from the filing of Jan 3, 2017; every figure names its basis
RAUM per advisor
$3.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$130,432derivedRAUM over accounts (5.F.2.f)
Discretionary
27%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.3derivedItem 5.A over advisors
Advisors per office
627.0derived6 offices incl. principal (1.F.5)
RAUM growth, one year
+65%derivedbetween the last two annual amendments
Advisor growth, one year
+23%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminarsreportedItem 5.G
Financial planning clients
3,500reportedItem 5.H
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is a broker-dealer (6.A.1)
  • is an insurance broker or agent (6.A.6)
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
105,831reported
Financial planning clients
3,500reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Thomas K Bauer · Vice Presidentcontrol
    since 07/2016 · owns less than 5%
  • Wendy Ann Benson · Chief Executive Officer And Directorcontrol
    since 07/2016 · owns less than 5%
  • Elizabeth Ward Chicares · Directorcontrol
    since 07/2016 · owns less than 5%
  • Marc Allan Cohn · Vice President And Chief Compliance Officercontrol
    since 09/2006 · owns less than 5%
  • Michael Robert Fanning · Directorcontrol
    since 07/2016 · owns less than 5%
  • Amy Francella · Secretary And Chief Legal Officercontrol
    since 11/2015 · owns less than 5%
  • Bruce Carter Frisbie · Assistant Treasurercontrol
    since 11/2016 · owns less than 5%
  • David Michael Holtzer · Presidentcontrol
    since 11/2016 · owns less than 5%
  • Paul A Lapiana · Senior Vice President And Directorcontrol
    since 11/2016 · owns less than 5%
  • John Gregory Martinez · Vice President, Chief Financial Officer And Treasurercontrol
    since 01/2007 · owns less than 5%
  • David Myers Mink · Vice Presidentcontrol
    since 07/2016 · owns less than 5%
  • John Arthur Vaccaro · Chairman And Directorcontrol
    since 07/2016 · owns less than 5%
  • Mary Bea Wilkinson · Vice Presidentcontrol
    since 07/2016 · owns less than 5%
Entity owners
  • Massachusetts Mutual Life Insurance Company · Direct Owner
    direct · owns 75% or more · public reporting company
Related persons
Schedule D 7.A
Advisers that list Msi Financial Services, Inc. as a related person
Offices
Schedule D 1.F, the 25 largest
  • Boston, MA
  • Ft Lauderdale, FL
  • Iselin, NJ
  • Newtown Square, PA
  • Shelton, CT
What changed
consecutive filings, newest first
  • HQ city · NEW YORK to SPRINGFIELD
    May 31, 2016 to Jul 18, 2016
  • HQ state · NY to MA
    May 31, 2016 to Jul 18, 2016
  • Business name · METLIFE SECURITIES INC. to MSI FINANCIAL SERVICES, INC.
    Jul 18, 2016 to Jul 18, 2016
  • Legal name · METLIFE SECURITIES INC. to MSI FINANCIAL SERVICES, INC.
    Jul 18, 2016 to Jul 18, 2016
  • Accounts · 99,082 to 105,831
    Oct 14, 2015 to Dec 1, 2015
  • Advisory employees · 4,182 to 4,082
    Oct 14, 2015 to Dec 1, 2015
  • BD registered reps · 6,183 to 6,114
    Oct 14, 2015 to Dec 1, 2015
  • Employees · 8,590 to 8,508
    Oct 14, 2015 to Dec 1, 2015
  • Insurance-licensed employees · 2,893 to 731
    Oct 14, 2015 to Dec 1, 2015
  • State-registered IARs · 4,116 to 3,762
    Oct 14, 2015 to Dec 1, 2015
  • Discretionary RAUM · $3.3B to $3.7B
    Oct 14, 2015 to Dec 1, 2015
  • Non-discretionary RAUM · $10B to $10B
    Oct 14, 2015 to Dec 1, 2015
  • RAUM · $14B to $14B
    Oct 14, 2015 to Dec 1, 2015
  • Accounts · 63,983 to 99,082
    Dec 23, 2014 to Jan 2, 2015
  • Advisory employees · 3,113 to 4,182
    Dec 23, 2014 to Jan 2, 2015
  • BD registered reps · 4,821 to 6,183
    Dec 23, 2014 to Jan 2, 2015
  • Employees · 6,588 to 8,590
    Dec 23, 2014 to Jan 2, 2015
  • Insurance-licensed employees · 1,451 to 2,893
    Dec 23, 2014 to Jan 2, 2015
  • State-registered IARs · 3,047 to 4,116
    Dec 23, 2014 to Jan 2, 2015
  • Discretionary RAUM · $2.5B to $3.3B
    Dec 23, 2014 to Jan 2, 2015
  • Non-discretionary RAUM · $5.9B to $10B
    Dec 23, 2014 to Jan 2, 2015
  • RAUM · $8.3B to $14B
    Dec 23, 2014 to Jan 2, 2015
  • Accounts · 58,618 to 63,983
    Dec 22, 2014 to Dec 23, 2014
  • Advisory employees · 3,166 to 3,113
    Dec 22, 2014 to Dec 23, 2014
  • BD registered reps · 4,724 to 4,821
    Dec 22, 2014 to Dec 23, 2014
  • Employees · 6,914 to 6,588
    Dec 22, 2014 to Dec 23, 2014
  • Insurance-licensed employees · 97 to 1,451
    Dec 22, 2014 to Dec 23, 2014
  • State-registered IARs · 3,010 to 3,047
    Dec 22, 2014 to Dec 23, 2014
  • Discretionary RAUM · $2.0B to $2.5B
    Dec 22, 2014 to Dec 23, 2014
  • Non-discretionary RAUM · $5.5B to $5.9B
    Dec 22, 2014 to Dec 23, 2014
  • RAUM · $7.5B to $8.3B
    Dec 22, 2014 to Dec 23, 2014
  • Accounts · 48,441 to 58,618
    Oct 22, 2013 to Mar 31, 2014
  • Advisory employees · 2,375 to 3,166
    Oct 22, 2013 to Mar 31, 2014
  • BD registered reps · 4,824 to 4,724
    Oct 22, 2013 to Mar 31, 2014
  • Employees · 7,431 to 6,914
    Oct 22, 2013 to Mar 31, 2014
  • Insurance-licensed employees · 25 to 97
    Oct 22, 2013 to Mar 31, 2014
  • State-registered IARs · 2,445 to 3,010
    Oct 22, 2013 to Mar 31, 2014
  • Discretionary RAUM · $1.4B to $2.0B
    Oct 22, 2013 to Mar 31, 2014
  • Non-discretionary RAUM · $4.3B to $5.5B
    Oct 22, 2013 to Mar 31, 2014
  • RAUM · $5.7B to $7.5B
    Oct 22, 2013 to Mar 31, 2014
Signals
No event on the tape.
Across DFX
shared identifiers only, never a name match
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026